Mark Zuckerberg donates $95m worth of shares to charity

Zuckerberg and his wife, Priscilla made their first cash injection into their for-profit charitable group, the Chan Zuckerberg Initiative (CZI). On Wednesday and Thursday they sold 767,905 shares they had transferred to the organization, which was worth about $95 million, according to CNN Money.

Zuckerberg and Chan announced the launch of CZI in December in a letter to their newborn daughter, Max. The couple pledged to give away 99 percent of their Facebook shares ― or around $45 billion ― to the cause.

“For your generation to live in a better world, there is so much more our generation can do,” Zuckerberg wrote in the letter. “Today your mother and I are committing to spend our lives doing our small part to help solve these challenges.”